Electra Gold Ltd. announced that it has reached its first technical services agreement with MGX minerals ('MGX') for engineering work at the Apple Bay Alumina-Silica Quarry. The quarry is located near Port Hardy on Vancouver Island and has been in operation since 2004. As part of the company's agreement with MGX signed December 1, 2014, MGX will provide technical support to Electra.

The objectives of the engineering work at Apple Bay include a planned increase in production and optimization of grade. The scope of work by MGX Senior Engineer includes: - Compare current production to original mine plan - Check previous geological mapping &drill data - Representative sampling - Review mine layout - Recommend production plan and implementation. Work is planned for a one week period commencing February 20, 2015.

The work is being completed to increase efficiency, increase profitability, and grow production in an anticipation of increased sales volumes to the cement industry. The quarry has year- round operations and had sales of $1.2 million in 2014.